| Subject Code | ACC501 |
| Subject Name | Accounting Systems and Practice |
| Assessment Number and Title | Assessment 3 –INDIVIDUAL - Analytical & written report and presentation video |
| Assessment Type |
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| Length / Duration | Written part 2000 words + Presentation (10-15 slides, 8-10 minutes) |
| Weighting % | 30% |
| Total Marks | 100 |
| Submission | Moodle Assignment submission box |
| Due Date | Week 10 Sunday 23:59 |
| Mode | Submission of three files – Word, Excel and PPT (including presentation video link) |
| Format | Excel, word and PPT files |
Part A: Written analytical Report (20 marks)
Assessment Description and Instructions:
Section 1: Preparation of Cash flow statements – reconstructive and indirect method (AAB107)
The pivotal role of accountants today is to undertake much accounting work using computers (i.e., Excel). The practice set question in this Assessment 3 enable students to understand and apply various steps in the preparation of cashflow statements (both reconstruction and indirect method and appraise the cash flow from operations, investment and financing activities in depth.The set cash flow statement question(s) will be provided by the academic coordinator on Moodle along with the questions and Excel templates to complete cashflow statement using both the reconstructive and indirect method for financial disclosure purposes (AASB107).[You are required to use Excel program to complete this section question. You must use formulae in excel and must print out the formulae that has been used in completing this part.]
Section 2:Essay on Intangibles
The standard IFRS38 Intangible Assetshas been adopted in some jurisdiction into Australian equivalent AASB138Intangible Assets. The recognition of intangible assets (IAS38/AASB138). by organisations are difficult tasks andrequires professional judgement. You are required to write an essay with examples on the complexity of recognising intangibles assets by organisations. You must incorporate at least five academic/professional references in your essay. (Total word limit 1500 words for this section)
Part B: Presentation (10 marks)
It is expected that the major part (about 80% of the presentation time) of your presentation on this part should be based on the second section - i.e., recognition of intangible assets.
The presentation is in the form of a PowerPoint presentation of 15-20 PowerPoint slides. This is a mix of visual representation of contents, data, and images to build an argument on corporate governance and characteristics on your sensitivity analyses.
The 15-20 minutes presentations will be recorded by the individual student using PowerPoint record function. The recording will then be uploaded to YouTube or One Drive with the link submitted via Moodle. Instructions on how to do this will be made available.
Feedback
Marks and feedback with comments will be provided to students. Marking Rubric is in next page.
| Criteria to be Assessed | FL (0-49%) | PS (50-64%) | CR (65 – 74%) | DI (75 – 84%) | HD (>85%) |
| Please note that descriptions are typical in the middle of the grade range | |||||
| Criteria 1 -Cashflow statements (25%) | Demonstrated no or little knowledge on the preparation of the set cash flow statement, incorrectly calculate most items. | Demonstrated limited knowledge on the preparation of the set cash flow statement, incorrectly calculate most items. | Demonstrated thorough understanding and knowledge on the preparation of the set cashflow statement & calculations containing few of errors in formulas and omissions. | Demonstrated highly developed understanding and knowledge of the set cashflow statement & calculations. Formatting and completed using both reconstructive and indirect methods without any error.
| Demonstrated sophisticated understanding and knowledge on the preparation of the set cash flow statement and demonstrated the disclosure requirements using indirect method. It is complete and no errors. |
Criteria 2 - Essay on Intangible assets (25%) | Poorly identified required contents from IAS38/AASB138. Providing vague information without referencing standards. | Identified required contents from IAS38/AASB138. Providing vague information without referencing standards. | Good identification of required contents requiring disclosures on the recognition of intangibles and provided comparison. As well, properly acknowledge extracted source materials. | Very good identification of required contents requiring disclosures on the recognition of intangibles (IAS38/AASB138) and provided comparison. As well, properly acknowledge extracted source materials | Excellent identification of required contents requiring disclosures on the recognition of intangibles (IAS38/AASB138) and provided examples. As well, properly acknowledge extracted source materials. As well, provided examples of real organisational intangible asset scenario. |
| Criteria 3 -Language and Structure (10%) | The text has no formal structure. Very poor text logic with frequent use of contradictions and disjointed. | The text has formal structure. Very poor text logic with frequent use of contradictions. | The text has a formal structure. Satisfactory text logic with some use of Contradictions. | The text has a clear and well-developed formal structure. Excellent text logic with minuscule use of contradictions. | Text has A clear and original formal structure. Outstanding text logic with no use of contradiction. |
| Referencing to professional standards and guidelines [10%] | No referencing is evident or, if done, is inconsistent and improper citations. No or minimal reference list, mixed styles. No in text citations. | Basic and sound attempt to reference sources; may be some inconsistencies and technical errors in style. Improper referencing style and lack of acknowledgement of source materials. | Good attempt to reference and acknowledgment of source materials. Few inaccuracies in reference list and all references are listed. | Very good attempt to reference sources and acknowledgement of source materials. Thorough and consistent reference list that are incorporated in texts and all references are listed. | Professional level of authenticated referencing and acknowledgments; no errors of style evident. Thorough and consistent reference style used in texts and all references are listed. |
| Part B - PPT design (10%) | The format chosen for the submission is inappropriate and/or lacks thought and consideration. Information presented is not original, often confused and not connected to the subject matter. | The format chosen for the submission is appropriate, but further attention to detail would improve its transmission of information. Presentation of information can be followed but may lack logical structure. The information is loosely connected to the subject matter | The format chosen for the submission is appropriate, but minor changes would enhance it. Presentation of information is generally structured logically and relates to subject matter but may be tangential at times. | Submission is professionally presented and submitted in the appropriate format. Presentation of information is structured logically and related to the subject matter. | Submission is highly professionally presented and submitted in the appropriate format. Presentation of information is structured logically and tightly related to the subject matter. |
| Part B - Presentation Video - effective communication and mastery (20%) | Presentation is poor. Presence, communication/language skills, organisation and mastery of the topics are poor - mostly reading from notes. And did not Identify and address key topic issues and any lacked preparation, did not clearly, articulately, or logically in relation to the subject | Presentation is good. Presence, communication/language skills, organisation and mastery of the topics are good. And identifies and addresses some issues and relevant concepts. Delivery and presentation but not always clearly, articulately, or logically in relation to their particular topic. though a number of areas lack clarity | Very good presentation with body language and eye contact. And identifies and clearly addresses most topic issues and relevant concepts. Speaker generally presented clearly, articulately and logically in relation to the specific topic. | Very good presentation with presence, communication/language skills, organisation and mastery of the topics. And identifies and addresses a majority of key issues and relevant concepts for the topic. Presentedclearly, articulately and logically in relation to the topic in a professional manner.
| Excellent presentation with presence, communication/language skills, organisation and mastery of the topics. And identifies and addresses all of key issues and relevant concepts for the topic. Presented clearly, articulately and logically in relation to the topic in a highly professional manner.
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